SWITZERLAND, NOVEMBER 30 – The Federal Government of Nigeria has announced plans to begin installing five million solar systems across the country to supply power to about 25 million Nigerians. According to the presidency, the project is expected to provide 250,000 jobs.
“In continuation of a coordinated implementation of the Economic Sustainability Plan (ESP) across the country, the Buhari administration will next week commence the process of installation of 5 million solar home systems in under-served and off-grid communities across the country,” the presidency announced on Monday.
“Aside providing access to affordable energy, the objective of the plan is to improve social, economic and environmental welfare of 25 million Nigerians while generating jobs, increasing revenues and import substitution.
“Regarding jobs, the ESP 5m Solar installation is expected to create about 250,000 jobs including in manufacturing, assembling, installations, maintenance and payment systems,” the Presidency added.
Today’s Echo gathers that priority will be given to Nigerians residing in rural areas and urban settlements either under-served or totally cut off the national grid.
Mr. Laolu Akande Senior Special Assistant to the President on Media and Publicity in the Vice President’s office spoke on about the project in response to media inquiries about the cost of the ESP Solar programme nick named SOLAR POWER NAIJA for which installations starts in December. Akande disclosed that the ESP Solar programme is being implemented by the Rural Electrification Agency, REA.
Akande added that an important aspect of the scheme is the option of outright ownership by beneficiaries at a cost ranging from N1, 500 per week to N4, 000 monthly depending on the capacities, for a period of 3 years, noting that the arrangement allows as many as 25 million Nigerians to own personal solar systems in their respective homes.
As indicated in the Economic Sustainability Plan, the 5 Million Connections initiative is a private sector-led electricity access acceleration scheme to be facilitated by a low cost loan facility from the Central Bank of Nigeria (CBN) and implemented by the Rural Electrification Agency (REA).